Shares of Apartment Investment & Management Co. AIV advanced 1.45% to $4.90 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.74% to 3,915.59 and the Dow Jones Industrial Average DJIA rising 0.76% to 31,385.76. This was the stock's third consecutive day of gains. Apartment Investment & Management Co. closed $2.52 below its 52-week high ($7.42), which the company reached on February 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Equity Residential EQR rose 1.72% to $66.08, Avalonbay Communities Inc. AVB rose 0.64% to $173.33, and UDR Inc. UDR rose 2.22% to $40.96. Trading volume (3.4 M) remained 5.6 million below its 50-day average volume of 9.0 M.